1606.12—Time and waiver.

(a) Except for the 6-year time limit for debarments in § 1606.11(c), any period of time provided in these rules may, upon good cause shown and determined, be extended:
(1) By the designated employee who issued the preliminary decision until a hearing officer has been appointed;
(2) By the hearing officer, until the recommended decision has been issued;
(3) By the President at any time.
(b) Failure by the Corporation to meet a time requirement of this part does not preclude the Corporation from terminating a recipient's grant or contract with the Corporation.